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Bonds Current Yield

A bond that matures in 17 years sells for $932. the bond has maturity value of $1,000 and a yield to maturity of 6.17%. interest on the bond is paid semiannually. What's the bond's current yield?

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The Value of a bond is given by two components. First the PV of the interest payments and second the PV of the Principle repayment ...

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This Solution contains calculations to aid you in understanding the Solution to this question.

$2.19